London-based financial technology company GoCardless announced Feb. 8 that its valuation is now $2.1 billion.
The announcement came after the company raised $312 million in a Series G funding round, according to a press release published on the Business Wire website.
The investment, which is being led by international investment firm Permira, will allow GoCardless to accelerate its growing footprint in the open banking arena through product and geographical expansion, the release stated.
“I am delighted to have partners like Permira and BlackRock Private Equity Partners on board, with their global footprint and strong expertise in tech, to support us in building a direct bank payment network that lets payments flow freely, without cards, expiration dates or extra costs,” GoCardless Founder and CEO, Hiroki Takeuchi, said in the release. “I look forward to working with them and our new board members to accelerate the future development of GoCardless.”
GoCardless handles over $25 billion in transactions annually and serves over 70,000 organizations around the world, according to the release. The company’s valuation has more than doubled since the last funding round at the close of 2020.
Alberto Riva, Permira principal, shared his excitement about the increase in GoCardless’ valuation.
“We are thrilled to back Hiroki and his excellent team to continue innovating and offering best-in-class solutions that are cheaper, faster and a more secure way of collecting payments globally,” Riva said in the release.
GoCardless works with several companies including DocuSign, Klarna, TripAdvisor and Epson, the release stated.